The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALASKA AIR GROUP INC COM 011659109 152,085 2,710,000 SH   SOLE N/A 2,710,000 0 0
ALLEGIANT TRAVEL CO COM 01748X102 210,389 1,625,000 SH   SOLE N/A 1,625,000 0 0
AMERISOURCEBERGEN CORP COM 03073E105 5,964 75,000 SH   SOLE N/A 75,000 0 0
ANTHEM INC COM 036752103 5,740 20,000 SH   SOLE N/A 20,000 0 0
AVIS BUDGET GROUP INC COM 053774105 7,844 225,000 SH   SOLE N/A 225,000 0 0
BONANZA CREEK ENERGY INC COM NEW 097793400 19,367 853,568 SH   SOLE N/A 853,568 0 0
BOOKING HLDGS INC COM 09857L108 289,418 165,864 SH   SOLE N/A 165,864 0 0
BOYD GAMING CORP COM 103304101 60,033 2,194,195 SH   SOLE N/A 2,194,195 0 0
CAESARS ENTMT CORP COM 127686103 31,318 3,603,967 SH   SOLE N/A 3,603,967 0 0
CARVANA CO CL A 146869102 20,031 345,000 SH   SOLE N/A 345,000 0 0
CHURCHILL DOWNS INC COM 171484108 194,596 2,155,951 SH   SOLE N/A 2,155,951 0 0
CIGNA CORP NEW COM 125523100 11,257 70,000 SH   SOLE N/A 70,000 0 0
CONTROLADORA VUELA CIA DE AV SPON ADR RP 10 21240E105 8,875 1,041,608 SH   SOLE N/A 1,041,608 0 0
DAVITA INC COM 23918K108 160,574 2,957,700 SH   SOLE N/A 2,957,700 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 623,199 12,065,809 SH   SOLE N/A 12,065,809 0 0
DESPEGAR COM CORP ORD SHS G27358103 2,735 183,526 SH   SOLE N/A 183,526 0 0
DOVER MOTORSPORTS INC COM 260174107 1,192 590,000 SH   SOLE N/A 590,000 0 0
EHEALTH INC COM 28238P109 33,111 531,142 SH   SOLE N/A 531,142 0 0
EVERQUOTE INC COM CL A 30041R108 1,832 246,300 SH   SOLE N/A 246,300 0 0
EXPEDIA GROUP INC COM NEW 30212P303 947,746 7,964,254 SH   SOLE N/A 7,964,254 0 0
FACEBOOK INC CL A 30303M102 59,642 357,800 SH   SOLE N/A 357,800 0 0
FLEX LTD ORD Y2573F102 99 9,910 SH   SOLE N/A 9,910 0 0
GLOBAL EAGLE ENTMT INC COM 37951D102 20,559 28,981,072 SH   SOLE N/A 28,981,072 0 0
GREENSKY INC CL A 39572G100 5,823 450,000 SH   SOLE N/A 450,000 0 0
GROUPON INC COM 399473107 193,990 54,645,000 SH   SOLE N/A 54,645,000 0 0
HERTZ GLOBAL HLDGS INC COM 42806J106 102,285 5,888,576 SH   SOLE N/A 5,888,576 0 0
INTERNATIONAL GAME TECHNOLOG SHS USD G4863A108 26,535 2,042,747 SH   SOLE N/A 2,042,747 0 0
JETBLUE AWYS CORP COM 477143101 143,618 8,778,600 SH   SOLE N/A 8,778,600 0 0
LENDINGTREE INC NEW COM 52603B107 9,281 26,400 SH   SOLE N/A 26,400 0 0
MAKEMYTRIP LIMITED MAURITIUS SHS V5633W109 2,793 101,200 SH   SOLE N/A 101,200 0 0
PENNYMAC FINL SVCS INC COM 70932M107 16,820 756,300 SH   SOLE N/A 756,300 0 0
PURECYCLE CORP COM NEW 746228303 58,992 5,982,970 SH   SOLE N/A 5,982,970 0 0
QUINSTREET INC COM 74874Q100 23,669 1,767,697 SH   SOLE N/A 1,767,697 0 0
RED ROCK RESORTS INC CL A 75700L108 40,828 1,579,404 SH   SOLE N/A 1,579,404 0 0
SELECT MED HLDGS CORP COM 81619Q105 7,999 567,708 SH   SOLE N/A 567,708 0 0
SEMGROUP CORP CL A 81663A105 8,222 557,779 SH   SOLE N/A 557,779 0 0
SKYWEST INC COM 830879102 24,913 458,884 SH   SOLE N/A 458,884 0 0
STARS GROUP INC COM 85570W100 9,702 554,100 SH   SOLE N/A 554,100 0 0
SYNCHRONY FINL COM 87165B103 76,560 2,400,000 SH   SOLE N/A 2,400,000 0 0
TEMPUR SEALY INTL INC COM 88023U101 18,160 314,900 SH   SOLE N/A 314,900 0 0
TRIPADVISOR INC COM 896945201 118,542 2,304,017 SH   SOLE N/A 2,304,017 0 0
TRIVAGO N V SPON ADS A SHS 89686D105 58,126 13,455,000 SH   SOLE N/A 13,455,000 0 0
TRUECAR INC COM 89785L107 65,184 9,816,895 SH   SOLE N/A 9,816,895 0 0
TWIN RIV WORLDWIDE HLDGS INC COM 90171V204 42,896 1,432,258 SH   SOLE N/A 1,432,258 0 0
UNITED CONTL HLDGS INC COM 910047109 1,246,096 15,619,152 SH   SOLE N/A 15,619,152 0 0
VISA INC COM CL A 92826C839 70,286 450,000 SH   SOLE N/A 450,000 0 0
WEBSTER FINL CORP CONN COM 947890109 10,646 210,100 SH   SOLE N/A 210,100 0 0
WEX INC COM 96208T104 139,193 725,000 SH   SOLE N/A 725,000 0 0
ZIX CORP COM 98974P100 495 71,900 SH   SOLE N/A 71,900 0 0